Mitsubishi Plans New Battery Plant to Meet Demand
TOKYO--The race for lithium ion batteries is heating up, with Mitsubishi Motors saying it will build a plant to meet an expected fivefold increase in demand.
The factory will open after April 2009 and have an initial output of 200,000 battery cells a year, or enough for 2,000 cars. Mitsubishi will ramp up capacity to equip 10,000 vehicles "shortly afterward," amid higher hopes for its i MiEV electric vehicle, the company said in a statement.
Mitsubishi's new factory will be operated by Lithium Energy Japan, a joint venture with GS Yuasa and Mitsubishi. It will be in the western prefecture of Shiga.
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